Please note that the content of this book primarily consists of articles
available from Wikipedia or other free sources online.Kenneth Lee "Ken"
Lay was an American businessman, best known for his role in the widely
reported corruption scandal that led to the downfall of Enron
Corporation. Lay and Enron became synonymous with corporate abuse and
accounting fraud when the scandal broke in 2001. Lay was the CEO and
chairman of Enron from 1985 until his resignation on January 23, 2003,
except for a few months in 2000 when he was chairman and Jeffrey
Skilling was CEO. On July 7, 2004, Lay was indicted by a grand jury on
11 counts of securities fraud and related charges. On January 31, 2006,
following four and a half years of preparation by government
prosecutors, Lay's and Skilling's trial began in Houston. Lay was found
guilty on May 25, 2006, of 10 counts against him; the judge dismissed
the 11th. Because each count carried a maximum 5- to 10-year sentence,
legal experts said Lay could have faced 20 to 30 years in prison
